Cash ISA

Skipton Building Society 2 Year Fixed Rate Cash ISA Review

A two-year cash ISA from Skipton Building Society. It ranks 23rd of 44 two-year cash ISAs we track.

Fixed rate · 2 years

4.50%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£20,000

Access

No withdrawals; early closure 180 days interest penalty

Interest paid

Annually

Transfers in

Accepted

How It Stacks Up

Ranks 23rd of 44

2-year cash ISAs we track

Average
This account 4.50%
UK CPI (Aug 2026)
3.10%
Pays 1.40% more
Average 2-year cash ISA
4.50%
About the same
Best 2-year cash ISA
5.05%
Pays 0.55% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

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Estimated returns with Skipton Building Society's Cash ISA

What you could earn with Skipton Building Society's 2 Year Fixed Rate Cash ISA.

Estimated interest

£1,000 saved

£92.02

At 4.5% AER

£5,000 saved

£460

At 4.5% AER

£10,000 saved

£920

At 4.5% AER

£20,000 saved

£1,840

At 4.5% AER

Estimated over the 24-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Our Expert Opinion on Skipton Building Society 2 Year Fixed Rate Cash ISA

Jonny PeaseCo-Founder, DepositScout

Skipton's 2 Year Fixed Rate Cash ISA pays 4.50%, which sits below the market average for cash ISAs and 0.62% behind the current market leader at 5.12%, so it is not where I would go if rate is your priority. The cap of £20,000 also limits how much you can hold here, and if you need to exit early you face a 180-day interest penalty with no withdrawals permitted during the term. The rate does beat CPI inflation by 1.40% based on August 2026 figures, but alternatives such as Chip's Smart Cash ISA at 4.56% offer a better return with ISA flexibility worth comparing first.

Compare Cash ISAs

2 alternatives to Skipton Building Society's 2 Year Fixed Rate Cash ISA

Same type of account, closest on rate.

Common questions about the 2 Year Fixed Rate Cash ISA

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